Implementing the New FASB Rules: Liquidity and Net Assets

m

Financial



Board of Directors, Executive Director, Finance Director



2018

Do you have a detailed plan to implement the new FASB not-for-profit financial reporting standards? During this two-part webinar series, industry experts walked through the conversion of a not-for-profit organization’s financial statements and notes to ensure an efficient and effective implementation of FASB ASU 2016-14. Learn how to overcome the most difficult challenges stemming from this new standard, through examples of various board-designation actions, walking through converting net asset classifications, tips on liquidity disclosures, and expense allocation methodologies that will help Community Action Agencies satisfy the new requirements. Part One of this webinar series addressed liquidity and net assets.

Presented on: May 22, 2018
Presented by: Cathy J. Clarke, CPA & Rachel Flanders, CPA, CliftonLarsonAllen LLP

This is a members-only resource.
You must be logged in to view. Login

Related Resources:

Uniform Guidance Crosswalk

This Crosswalk focuses on key substantive changes made in 2024 to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR Part 200 (Uniform Guidance). The Uniform Guidance is a set of regulations that govern the oversight...

HHS Refreshes the GPS… Again

For the fourth time in twelve months, the U.S. Department of Health and Human Services (HHS) has released a new version of its Grants Policy Statement (GPS) effective October 1, 2025. Prior to these changes, the GPS had remained unchanged since 2007. These recent revisions...

Tips on Preparing for a Possible Government Shutdown

With the possibility of a federal government shutdown looming, what should CAAs be doing to prepare? Review 10 tips to consider when preparing for a possible shutdown. Summaries of federal agency shutdown contingency plans also help determine which federal programs and...